Celadon Group Inc., which is based in Indianapolis, this week announced one of its wholly-owned subsidiaries purchased select assets of the truckload business of Tango Transport.
“We are delighted with the Tango acquisition and expect it to fulfill one of our immediate goals of continuing to grow our business with our existing customer base by adding density in our primary traffic lanes and gaining experienced drivers,” said Celadon Chairman and Chief Executive Officer Paul Will.
“Based on our evaluation of the business, we believe Tango has quality customers and drivers, with the majority of their customers overlapping our current customer base. We expect to integrate the acquired operations promptly. As part of the integration process, we expect to optimize the combined customer, driver and equipment base to improve asset productivity. We believe we can enhance the service to Tango’s former customers through an upgraded equipment fleet, excellent technology, more available assets for dispatch and an outstanding safety record.”
Tango, which is located in Shreveport, La., generated about $90 million in gross revenue in 2014.